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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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    MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

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    The FAAC's revenue distribution from 2017 to August 2023 highlights the dominance of Delta, Akwa Ibom, Rivers, and Bayelsa states in allocations. Despite Lagos' economic prominence, it ranked fifth. Here is the distribution of revenue among states between 2017 and August 2023.

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  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

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    Nigeria was the seventh most populous nation in the world in 2020, with 206.1 million people. Projected to reach a population of 401.3 million by 2050, Nigeria will rank third after India (1st) and China (2nd). According to Institut national d'études démographiques' projections, Nigeria, Ethiopia, DR Congo, Egypt, Tanzania, and Kenya will be among the world’s top 20 most populous countries by 2050.

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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
    See more
  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

    See more
  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

    See more

Other Insights
  • Government debt across 51 African countries was estimated at $1.93 trillion in 2025.
  • South Africa and Egypt had the largest estimated stocks and jointly accounted for 33.8% of the total.
  • Sudan had the highest debt-to-GDP ratio at 187.6%, followed by Senegal at 130.2%.
  • The estimates use IMF debt ratios and current-dollar GDP, not national authorities’ reported debt stocks.
  • Differences in government coverage, instruments and valuation mean the figures are comparable estimates, not fully harmonised official data.
See more
  • Ghana recorded the most striking recent growth, reaching 12,825 students in 2024/25.
  • Nigeria remained Africa’s leader with 21,847 students.
  • Nigeria, Ghana, Kenya and Egypt have held the top four positions since 2008/09.
  • Their combined share of African enrolment increased from 46.1% to 60.7%.
  • Africa had 73,406 students enrolled in US higher education in 2024/25.
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  • South Africa led with $8.52 billion, only $140 million ahead of Morocco.
  • Morocco’s imports have grown steadily, while South Africa’s 2025 figure was a recovery toward its 2012 peak.
  • Egypt ranked third, followed by Algeria and Nigeria.
  • The top 10 markets accounted for 67.1% of Africa’s $56.48 billion total.
  • Road vehicle imports include vehicles, parts, motorcycles, trailers, and semi-trailers.
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  • Africa exported a record $86.2bn worth of goods to China in 2025.
  • China received about 12.5% of Africa’s total merchandise exports.
  • Annual exports remained below $10bn until 2004, before accelerating sharply.
  • Export values have remained relatively high since 2021 despite earlier downturns.
  • The trade relationship remains heavily commodity-led, with limited manufactured exports.
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  • Only 3 of 52 African economies met the export-market diversification test in 2025.
  • Nigeria recorded the largest and most sustained shift, with its top-buyer share falling from 43.1% to 9.9%.
  • Madagascar’s top-market share dropped from 40.0% to 14.9% and has remained below 20% since 2021.
  • Libya narrowly qualified at 19.5%, after remaining above the threshold in 2024.
  • The test measures reduced dependence on one export destination, not greater product diversification.
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  • African teams have made 59 FIFA World Cup appearances since 1934.
  • Africa has advanced beyond the first stage 20 times.
  • Five African campaigns have reached the quarter-finals.
  • Morocco is the only African nation to reach the semi-finals.
  • Morocco is also the first African nation to reach two World Cup quarter-finals.
  • No African team has reached the final or won the World Cup.
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  • The UK made 672,400 visa decisions involving African applicants in 2025.
  • Visitor visas dominated the decisions, accounting for 521,400, or about 78% of the total.
  • Study visas had the highest issue rate, with 88.5% of decisions resulting in issued visas.
  • Visitor visas had a much lower issue rate at 66.5%, despite having the largest decision volume.
  • Work visa decisions had a 71.6% issue rate, below the global work visa average of 86.5%.
  • Other visa routes had the lowest issue rate, with only 53.4% of decisions resulting in issued visas.
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  • Kenya led Africa’s outward FDI in 2025, recording $1.26bn.
  • Nigeria followed closely with $1.19bn, after a 191% increase.
  • Together, Kenya and Nigeria accounted for $2.45bn of the top 10 total.
  • Morocco and Egypt completed the top four, with $812.8m and $695.9m.
  • Angola recorded the fastest growth among the top 10, rising 278%.
  • Africa’s total outflow was lower because negative outflows offset gains elsewhere.
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  • Nigeria’s FDI inflows rose to $4.01 billion in 2025, the highest level since 2014.
  • The 2025 figure represents a 148% increase from the revised $1.61 billion recorded in 2024.
  • Despite the rebound, Nigeria remains far below its 2011 peak of $8.91 billion.
  • Nigeria’s strongest FDI period was 2005 to 2014, when inflows stayed above $4 billion every year.
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Egypt remained Africa’s top FDI destination with $15.45bn.
Nigeria ranked 4th after FDI inflows rose 148% to $4.01bn.
Guinea had the biggest top-10 jump, rising 454% to $7.76bn.
Africa’s top 10 accounted for 73% of total FDI inflows.

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  • Nigeria’s external debt service entered a heavier phase in 2018.
  • External debt service crossed $5bn in 2025.
  • Nigeria paid about $22.2bn from 2018 to 2025.
  • That was about 6x the $3.7bn paid from 2008 to 2017.
  • The 2006 spike reflects one-off debt settlement payments.
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  • Malawi recorded Africa’s largest life expectancy gain, adding 21.4 years between 2000 and 2024.
  • Rwanda and Zambia also added about 20 years each.
  • Africa’s average life expectancy gain was 10.6 years, higher than the global gain of 5.8 years.
  • Nigeria added 7.5 years, rising to 54.6 years in 2024.
  • Despite improvement, Nigeria remained below both the African average of 65.7 years and the gains recorded by the top improvers.
  • Most of the biggest gains came from countries that started the period with very low life expectancy levels.
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  • Government debt across 51 African countries was estimated at $1.93 trillion in 2025.
  • South Africa and Egypt had the largest estimated stocks and jointly accounted for 33.8% of the total.
  • Sudan had the highest debt-to-GDP ratio at 187.6%, followed by Senegal at 130.2%.
  • The estimates use IMF debt ratios and current-dollar GDP, not national authorities’ reported debt stocks.
  • Differences in government coverage, instruments and valuation mean the figures are comparable estimates, not fully harmonised official data.
Read more
  • Ghana recorded the most striking recent growth, reaching 12,825 students in 2024/25.
  • Nigeria remained Africa’s leader with 21,847 students.
  • Nigeria, Ghana, Kenya and Egypt have held the top four positions since 2008/09.
  • Their combined share of African enrolment increased from 46.1% to 60.7%.
  • Africa had 73,406 students enrolled in US higher education in 2024/25.
Read more
  • South Africa led with $8.52 billion, only $140 million ahead of Morocco.
  • Morocco’s imports have grown steadily, while South Africa’s 2025 figure was a recovery toward its 2012 peak.
  • Egypt ranked third, followed by Algeria and Nigeria.
  • The top 10 markets accounted for 67.1% of Africa’s $56.48 billion total.
  • Road vehicle imports include vehicles, parts, motorcycles, trailers, and semi-trailers.
Read more
  • Africa exported a record $86.2bn worth of goods to China in 2025.
  • China received about 12.5% of Africa’s total merchandise exports.
  • Annual exports remained below $10bn until 2004, before accelerating sharply.
  • Export values have remained relatively high since 2021 despite earlier downturns.
  • The trade relationship remains heavily commodity-led, with limited manufactured exports.
Read more
  • Only 3 of 52 African economies met the export-market diversification test in 2025.
  • Nigeria recorded the largest and most sustained shift, with its top-buyer share falling from 43.1% to 9.9%.
  • Madagascar’s top-market share dropped from 40.0% to 14.9% and has remained below 20% since 2021.
  • Libya narrowly qualified at 19.5%, after remaining above the threshold in 2024.
  • The test measures reduced dependence on one export destination, not greater product diversification.
Read more
  • African teams have made 59 FIFA World Cup appearances since 1934.
  • Africa has advanced beyond the first stage 20 times.
  • Five African campaigns have reached the quarter-finals.
  • Morocco is the only African nation to reach the semi-finals.
  • Morocco is also the first African nation to reach two World Cup quarter-finals.
  • No African team has reached the final or won the World Cup.
Read more
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